Opendoor brings back its founders and welcomes a new CEO from Shopify—who could earn $2.8 billion if he sends the stock soaring

Opendoor Technologies is going all in on new CEO Kaz Nejatian with an aggressive compensation package that could see him clear $2.78 billion and own nearly 12% of the company. But he’ll have to do more than triple the share price of a real estate technology company some have deemed a buzzy meme stock. In the meantime, Nejatian will have Opendoor’s founders—Eric Wu and Khosla Ventures’ Keith Rabois—overseeing him on the board. Wu served as Opendoor’s CEO from 2013 to 2022 and chaired the board from 2020 to ...